Section 264
This query is : Resolved
17 February 2014
what all orders are not covered under section 263?
17 February 2014
Almost all types of the orders are covered under Section 263 which are passed by the AOs. The Revision of order is made U/s 263 by the CIT at his own discretion and belief. which are considered by him as erroneous and resulting in a loss to the revenue. Here the purpose is to control the leakage of the revenue.
.
Whereas U/s 264 the "other" orders are such orders, which are Revised either of his own motion or at the request of the assessee even if its revision may result into the loss to the revenue. Here the purpose is to collect tax in a manner which is just and lawful.
.
.
Whereas U/s 264 the "other" orders are such orders, which are Revised either of his own motion or at the request of the assessee even if its revision may result into the loss to the revenue. Here the purpose is to collect tax in a manner which is just and lawful.
.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Showing Gift from relative in ITR for this year
- ITR selection for salaries and capital gain less than L
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Soyabean hsn code and gst rate
- Treatment of Pension ?annuity returns on PMVY
- NON- SUBMISSION OF LLP FORM 3
- Last year TDS Claim
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
